Tag: European budgetary policy


The European Union must face the biggest crisis in its history.

The European Union must face the biggest economic crisis in its history – warns the European Commission in its latest spring economic forecasts. In her view, the decline in GDP in the EU in 2020 will reach a record 7.4 percent, and in the euro area alone 7.7 percent. During the apogee of the financial crisis in 2009, the eurozone’s economy shrank by 4.5 percent.Continue Reading..


Fuels can get cheaper, oil prices are already very low.

The sharp sell-off in the oil market will translate into the fuel market. In the perspective of several days, prices at stations can fall by 15-20 grosze. The question arises what to do next with oil. The price collapse may affect the decline in shale oil production in the US, where the average cost of production is $ 35-40. per barrel. But the crisis, and thus nervousness in the oil market, can still last.Continue Reading..


15 years of Poland in the European Union

For many people, membership of the European Union is almost normal. However, it cannot be denied that the changes that took place in 2004 had a major impact on all areas of economic and social life in our country in the following years. Membership benefits are undeniable. Just look at the balance of payments and withdrawals from the EU cash register. During these 15 years, Poland received net, i.e. after transfers from EU treaties over EUR 100 billion, i.e. at today’s EUR / PLN exchange rate over PLN 430 billion! To see how big this amount is, just look at this year’s Polish budget, which is PLN 387 billion.

It must also be admitted that Poland, looking generally at all these 15 years, used the EU funds in a satisfactory manner. Initially, there were considerable formal difficulties, even with completing the applications, but over time national institutions gained experience, as well as public awareness in the context of the existence of various forms of assistance from the EU increased, which allowed optimal use of funds. Funds from the cohesion fund were used primarily for infrastructure, including roads and motorways. For example, when we entered the EU, highways were only 500 km, while today it is already 1630 km. Farmers will not complain either. The billions of euros that went under direct payments allowed us to significantly modernize the Polish countryside, breeding and cultivating plants. Exports to the EU have also increased significantly. It increased almost five times.

Poles want to be in the EU, according to surveys, CBOS declares over 90%, and appreciate the benefits of being a member. It is mainly about the growth of the Polish economy and the growing quality of life. More and more Poles also appreciate the role of the European Parliament and thus declare a greater desire to participate in elections to this body.


The EU has extended the black list of tax havens.

The European Union has expanded the black list of tax havens that it created at the end of 2017. It has added 10 jurisdictions, including the United Arab Emirates, Oman as well as the British and Dutch overseas territories. Blacklisted countries may be covered by stricter controls of transactions with the EU.Continue Reading..


The latest results of the euro area’s foreign trade.

The Eurostat statistical office has reported the outcome of the euro area’s foreign trade. In January 2019, it amounted to EUR 1.5 billion. One month earlier, the level of EUR 17 billion has been reached.Continue Reading..


Will The Central Communication Port change the face of Poland ?

The government is planning a project that will have an impact not only on Poland. This undertaking will make Poland one of the major communication hubs in Europe “- said Deputy Prime Minister JarosΕ‚aw Gowin.Continue Reading..


Will Poles decide to adopt the euro?

Lithuania, Latvia, Estonia, Slovakia gained from joining the monetary union – according to the report made by Polish scientists. Will it convince Poles to join the euro zone?

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Qatar wants to invest EUR 10 billion in Germany.

Emir Qatar Sheikh Tamim ibn Hamad Al-Sani announced on Friday in Berlin that his country wants to invest 10 billion euros in Germany within five years. Qatar is looking for ways to break the isolation policy pursued against him by Saudi Arabia.

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Brexit is getting closer. Billions decreases in exports to the islands.

Polish entrepreneurs are afraid of negative effects, and hard data show almost a billion-dollar decline in exports of goods to the islands. The United Kingdom may permanently lose the second position among the main markets for Polish companies.

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